{"id":228809,"date":"2025-05-07T13:01:51","date_gmt":"2025-05-07T13:01:51","guid":{"rendered":"https:\/\/peraltafinancing.com\/activist\/senator-lummis-says-trump-supports-her-bitcoin-act-that-could-erase-u-s-debt\/"},"modified":"2025-05-07T13:01:51","modified_gmt":"2025-05-07T13:01:51","slug":"senator-lummis-says-trump-supports-her-bitcoin-act-that-could-erase-u-s-debt","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=228809","title":{"rendered":"Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt"},"content":{"rendered":" \r\n<br><div>\n\n                                        \n\n\n<p><em><strong>Senator Cynthia Lummis declares her bold plan to buy 1 million BTC is the only way to escape America\u2019s $36 trillion debt spiral\u2014and she says President Trump agrees.<\/strong><\/em><\/p>\n\n\n\n<p>In a powerful address on Capitol Hill today, Senator Cynthia Lummis made her stance clear: the United States is out of time\u2014and out of traditional options. \u201cThe BITCOIN Act is the only solution to our nation\u2019s $36T debt,\u201d\u00a0<a href=\"https:\/\/x.com\/SenLummis\/status\/1918326362793824750\" target=\"_blank\" rel=\"noreferrer noopener\">she said<\/a>, while mentioning she has President Donald Trump\u2019s support for her initiative. \u201cI\u2019m grateful for a forward-thinking president who not only recognizes this, but acts on it.\u201d\u00a0<\/p>\n\n\n\n<p>If enacted into law, the BITCOIN Act would see the U.S. purchase 200,000 bitcoin per year for five years\u2014creating a 1,000,000 BTC reserve held for at least two decades.\u00a0<\/p><div class=\"g g-1\"><div class=\"g-single a-10\"><a class=\"gofollow\" data-track=\"MTAsMSwxLDYw\" href=\"https:\/\/www.chemicalfreebody.com\/macro\" target=\"_blank\"><img loading=\"lazy\" width=\"400\" height=\"334\" decoding=\"async\" src=\"https:\/\/www.activistpost.com\/wp-content\/uploads\/2024\/12\/GREEN-85-400x334-1.jpg\"\/><\/a><\/div><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\uddfa\ud83c\uddf8 Senator Cynthia Lummis says President Trump supports her Strategic Bitcoin Reserve bill to buy 1,000,000 BTC \ud83d\udc40<br><br> <a href=\"https:\/\/t.co\/USLhEAdpMn\">pic.twitter.com\/USLhEAdpMn<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1918327582451437829?ref_src=twsrc%5Etfw\">May 2, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/p><\/figure>\n<\/div>\n\n\n\n\n<\/div>\n\n\n\n<p>Lummis laid out three paths for America: collapse under a default, spiral into hyperinflation, or use Bitcoin and technology to climb out. Her money is on crypto. She believes Bitcoin\u2019s fixed supply makes it capable of restoring long-term monetary discipline. \u201cThe system is built on trust. If we don\u2019t pay back what we owe, that trust disappears,\u201d she said. \u201cWe\u2019d hit something worse than the Great Depression.\u201d<\/p>\n\n\n\n<p>Inflation, she warned, will devastate working Americans if money printing continues. \u201cWe\u2019re talking Zimbabwe, Weimar Republic levels,\u201d Lummis said. \u201cEverything becomes unaffordable. That\u2019s not a future I want Americans to face.\u201d\u00a0<\/p>\n\n\n\n<p>Lummis is\u00a0<a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/senator-cynthia-lummis-says-her-bitcoin-act-legislation-will-clear-us-national-debt\/ar-AA1E47RB?ocid=finance-verthp-feeds\" target=\"_blank\" rel=\"noreferrer noopener\">offering<\/a>\u00a0a deflationary alternative. \u201cTechnology boosts productivity and cuts costs. It gives us room to grow faster than our debt,\u201d she explained, pointing to AI, robots, and crypto as the tools needed to turn the economy around. \u201cThey\u2019re the only real weapons we\u2019ve got.\u201d<\/p>\n\n\n\n<p>The BITCOIN Act, first introduced last summer and reintroduced at the 2025\u00a0<a href=\"https:\/\/x.com\/i\/broadcasts\/1rmGPyjZDVmJN\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cBitcoin for America\u201d Summit<\/a>, has seen growing bipartisan support in both the House and Senate.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<p><iframe loading=\"lazy\" title=\"Cynthia Lummis Unveils Bitcoin Strategic Reserve Bill\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/_Ou_oxWsCcc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/div><\/figure>\n\n\n\n<p>Congressman Nick Begich is leading the charge in the House. His version of the bill mirrors Lummis\u2019 Senate proposal and signals growing alignment between chambers on Bitcoin policy. \u201cAmericans deserve a fiscal and monetary foundation built on assets that represent discipline, structure, and confidence,\u201d\u00a0<a href=\"https:\/\/x.com\/RepNickBegich\/status\/1918349198933803317\" target=\"_blank\" rel=\"noreferrer noopener\">he tweeted<\/a>\u00a0today. \u201cBitcoin delivers on all three, and I am proud to lead this effort in the House with The BITCOIN Act.\u201d<\/p>\n\n\n\n<p>President Trump has\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/news\/president-trump-executive-director-says-u-s-could-use-tariff-revenue-to-build-strategic-bitcoin-reserve\" target=\"_blank\" rel=\"noreferrer noopener\">already signed<\/a>\u00a0an executive order earlier this year creating a federal Bitcoin reserve, using BTC seized through forfeitures to establish an estimated 200,000 BTC stockpile\u2014costing taxpayers nothing. Executive Director Bo Hines confirmed the reserve will add to the reserve using \u201cbudget neutral ways that don\u2019t cost the taxpayer a dime,\u201d potentially including tariff revenue.<\/p>\n\n\n\n<p>While\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/news\/the-united-states-officially-establishes-a-strategic-bitcoin-reserve\" target=\"_blank\" rel=\"noreferrer noopener\">Trump\u2019s executive order<\/a>\u00a0marks the U.S. as the world\u2019s largest sovereign Bitcoin holder, it could be overturned by future administrations. That\u2019s why Lummis insists legislation\u2014not just executive action\u2014is essential to locking in a long-term national Bitcoin strategy. Lummis\u2019 BITCOIN Act would cement the program into law and ensure the country accumulates far more.<\/p>\n\n\n\n<p>Asset manager VanEck\u00a0<a href=\"https:\/\/www.vaneck.com\/us\/en\/us-bitcoin-strategic-reserve-calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\">estimates<\/a>\u00a0that if the U.S. follows this roadmap, the Bitcoin reserve could offset up to $21 trillion of national debt by 2049.<\/p>\n\n\n\n<p>Lummis closed with a warning about the dollar\u2019s fate. \u201cIt didn\u2019t vanish. It just lost power,\u201d she said, comparing it to the British pound. \u201cBuy real assets or get left behind.\u201d<\/p>\n\n            \n        <\/div><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\r\n<br>\r\n","protected":false},"excerpt":{"rendered":"<p>Senator Cynthia Lummis declares her bold plan to buy 1 million BTC is the only way to escape America\u2019s $36 trillion debt spiral\u2014and she says President Trump agrees. In a powerful address on Capitol Hill today, Senator Cynthia Lummis made her stance clear: the United States is out of time\u2014and out of traditional options. \u201cThe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":228810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12022],"tags":[7622,12920,11265,31136,85362,28488,20105,1175,8134],"dealstore":[],"offerexpiration":[],"class_list":["post-228809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-activist","tag-act","tag-bitcoin","tag-debt","tag-erase","tag-lummis","tag-senator","tag-supports","tag-trump","tag-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=228809\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Senator Cynthia Lummis declares her bold plan to buy 1 million BTC is the only way to escape America\u2019s $36 trillion debt spiral\u2014and she says President Trump agrees. 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